Alpine Income Property Trust Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07. Submission of Matters to a Vote of Security Holders.
The 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) of Alpine Income Property Trust, Inc. (the “Company”) was held on May 21, 2025. At the 2025 Annual Meeting, the Company’s stockholders (i) elected John P. Albright, Rachel Elias Wein, M. Carson Good, Andrew C. Richardson, and Brenna A. Wadleigh to serve as members of the board of directors of the Company until the 2026 Annual Meeting of Stockholders; (ii) approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers for the year ended December 31, 2024 (the “Say-on-Pay Vote”); (iii) approved, on a non-binding advisory basis, a frequency of every year for future non-binding, advisory votes on the compensation of the Company’s named executive officers; and (iv) ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2025.
The proposals below are described in detail in the Company’s definitive proxy statement dated April 8, 2025. The voting results for each proposal were as follows:
Proposal 1 – Election of Directors:
DIRECTOR | FOR | AGAINST | ABSTAIN | BROKER NON-VOTES |
John P. Albright | 9,356,780 | 53,991 | 12,229 | 2,444,323 |
Rachel Elias Wein | 9,098,122 | 313,717 | 11,161 | 2,444,323 |
M. Carson Good | 9,031,386 | 380,130 | 11,484 | 2,444,323 |
Andrew C. Richardson | 9,348,778 | 62,150 | 12,072 | 2,444,323 |
Brenna A. Wadleigh | 9,345,313 | 66,320 | 11,366 | 2,444,323 |
Proposal 2 – The Say-on-Pay Vote:
FOR | AGAINST | ABSTAIN | BROKER |
6,127,281 | 3,063,043 | 232,676 | 2,444,323 |
Proposal 3 – Advisory vote regarding frequency of future non-binding, advisory votes on the compensation of the Company’s named executive officers:
1 YEAR | 2 YEARS | 3 YEARS | ABSTAIN | BROKER NON-VOTES |
8,941,873 | 10,765 | 231,032 | 239,330 | 2,444,323 |
Proposal 4 – Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2025:
FOR | AGAINST | ABSTAIN |
11,306,665 | 546,242 | 14,415 |
In light of the stockholders’ recommendation that future non-binding, advisory votes on the compensation of the Company’s named executive officers be held every year, which was consistent with the recommendation of the Company’s board of directors, the Company’s board of directors has decided that the Company will hold future non-binding, advisory votes on the compensation of the Company’s named executive officers every year.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 23, 2025
Alpine Income Property Trust, Inc.
By: /s/ John P. Albright
John P. Albright, President
and Chief Executive Officer